$1,350,000

1701 2nd St #whole Building

Coralville IA, 52241

Description

The whole building of 8,400 SF is for sale with almost 50% of the building leased to quality tenants. Great exposure on the Coralville Strip for a very reasonable price. New bike path runs right be the building. The building and some suites are also listed for lease on the MLS. Property is in an "Opportunity Zone", see attached document for reference. Buy at a discount appraised, stabilized value is $1,560,000. Once fully leased the building is at a 9.0% cap rate.

Details

MLS#20194763
StyleIndustrial
Sub-TypeResale
StatusActive
Year1973
Days On Site129

Features

SQ Feet8,400
Story(s)1
ZoningC2

Market Activity 52241

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Area Information

StateIA
CountyJohnson
CityCoralville
Zip Code52241
AreaCoralville
Listing VS Median (in 52241)
Price:
$1,350,000
low | high
Med:
$239,450
100% of Average
SqFt:
8,400
low | high
Med:
2,662
100% of Average
$ / SqFt:
$161
low | high
Med:
$97
89.535541122709% of Average
On Site:
129
low | high
Med:
75.5
100% of Average
Listing Updated: 12/05/2019
MLS Number: 20194763
Listing Provided By:
Mark Lynch  of  Skogman Realty Co.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Iowa City Area Association of Realtors